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Accounting and Tax

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code117-0343/01
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *Second Year
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
KRY50Ing. Šárka Kryšková, Ph.D.
BAR36doc. Ing. Dagmar Bařinová, Ph.D.
HAK30Ing. Jana Hakalová, Ph.D.
PAL36Ing. Marcela Palochová, Ph.D.
RAN03Ing. Kateřina Krzikallová, Ph.D.
KRA601doc. Ing. Michal Krajňák, Ph.D.,MBA,LL.M.
SLE0059Ing. Jiří Slezák, Ph.D.
Summary
The aim of the course is an explanation of importance of accounting as a tool for presentation and understanding of the crucial property and capital operations and financial situation of the business entities. The course introduces students the issue of accounting in the all accounting classes with focus on explanation and understanding of specific areas of accounting and taxes of business entities.
Learning Outcomes of the Course Unit
1. To emphasize the importance of accounting as the enterprise financial
management tool.
2. To feature the importance of accounting operation in individual areas of
accounting.
3. To explain the differences of accounting and tax conception of costs and
revenues.
4. To clarify the connection and the impact of accounting operation to disclosed financial statements.
Course Contents
1. Introduction to accounting (importance, function, legal framework, accounting policies and principles, methodical and control elements of accounting, accounting books, method of bookkeeping, and chart of accounts, and others).
2. Long-term intangible and tangible assets (characteristics, valuation, depreciation, the methods of bookkeeping including tax perspective, and others).
3. Long-term financial assets (characteristics, valuation, the methods of bookkeeping, and others).
4. Inventory (characteristics, valuation, the methods of bookkeeping, and others).
5. Short-term financial assets and cash (characteristics, valuation, the methods of bookkeeping, and others).
6. Accounting relations (characteristics and methods of accounting for specifics cases including accounting of taxes and others).
7. Capital accounts and long term payables (characteristics, the methods of accounting of special cases, and others).
8. Expenses and revenues including tax point of view, finding of profit before and after taxation, determination of tax base, its adjustment according to the Income tax law and accounting of income tax due.
9. Closing accounts.
10.Procedure of the closure of the accounts in the end of the accounting period.
11. Closing and off-balance sheet accounts.
12. Financial statements.
13. Annual report.
14. Verification of financial statements and annual report by the auditor including publication.
Recommended or Required Reading
Required Reading:
MACKENZIE, Bruce. Interpretation and Application of International Financial Reporting Standards. Hoboken: John Wiley & Sons, 2014. 1055 p. ISBN 978-1-118-73409-4.
SEAL, Will et al. Management Accounting. 6th ed. McGraw-Hill Education. 2018. 859 p. ISBN 978-0-0771-8553-4.
ELLIOTT, Barry and Jamie ELLIOTT. Financial Accounting and Reporting. 16th ed. Harlow: Pearson, 2013. 877 p. ISBN 978-0-273-77817-2.
HAKALOVÁ, Jana, Yvetta PŠENKOVÁ a Šárka KRYŠKOVÁ. Daňová evidence podnikatelů a jednoduché účetnictví neziskových subjektů. 3. vyd. Praha: Wolters Kluver ČR. 2021. 176 s. ISBN 978-80-7676-024-0.
KOLEKTIV AUTORŮ. Meritum Účetnictví podnikatelů 2023. 20. vyd. Praha: Wolters Kluwer ČR, 2023. 540 s. ISBN 978-80-7676-641-9.
Recommended Reading:
International Financial Reporting Standards 2010. International Accounting Standards Board. London, 2009.
WEYGANDT, Jerry, KIMMEL, Paul and Donald KIESO. Financial Accounting: IFRS Edition. John Wiley&Sons. 2010. 848 p. ISBN 13978-0470-55200-1.
HRUŠKA, Vladimír. Účetní případy pro praxi 2021. 6. vyd. Praha: Grada Publishing, 2021. 240 s. ISBN 978-80-271-3105-1.
RYNEŠ, Petr. Podvojné účetnictví a účetní závěrka – Průvodce podvojným účetnictvím k 1. 1. 2022. 22. vyd. Olomouc: ANAG, 2022. 1184 s. ISBN 978-80-7554-348-6.
SKÁLOVÁ, Jana. Daně v účetnictví. 2. vyd. Praha: Wolters Kluwer ČR, 2022. 220 s. ISBN 978-80-7676-344-9.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit40 (40)21
                written creditWritten test40 21
        ExaminationExamination60 30